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By Yousef Saba
DUBAI, Oct 25 (Reuters) – The chairman of Israel’s Financial institution Leumi is because of converse at Saudi Arabia’s flagship funding convention in Riyadh on Thursday, within the newest signal of a possible thawing in relations between the 2 nations.
Relations between Israel and a few Gulf Arab states have been warming in recent times as they share issues over Iran’s affect within the area. In 2020, Riyadh’s Gulf allies the United Arab Emirates and Bahrain signed historic U.S.-brokered offers to normalise relations with Israel.
Organisers of the FII convention confirmed Financial institution Leumi chairman Samer Haj Yehia’s deliberate attendance in response to a Reuters question. Financial institution Leumi, one among Israel’s two largest banks, declined to remark.
Haj Yehia is because of converse on a panel titled “reworking banking and funding for the resilient economic system” alongside different prime finance executives, together with from Rothschild & Firm, Societe Generale and Wells Fargo, in keeping with FII’s agenda.
Haj Yehia is the primary Arab Israeli to function the financial institution’s chairman.
The FII’s sixth version is being held amid a public spat between Riyadh and Washington over a choice by OPEC+ to chop oil manufacturing, a transfer U.S. President Joe Biden vowed would have “penalties” for U.S.-Saudi ties.
Prime Wall Avenue executives, together with JPMorgan’s Jamie Dimon, Goldman Sachs’ David Solomon and a number of others, attended the occasion’s first day on Tuesday. (Reporting by Yousef Saba in Dubai and Ari Rabinovitch in Jerusalem Modifying by Mark Potter)
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